BlockBeats News, December 25th, Caixin article “The Secret and Deadly Risk of the Popularity of U Card Spending on Little Red Book” pointed out that users can use a bank card with a Visa logo for payments such as ChatGPT Plus subscriptions, with the payment made through USDT in a cryptocurrency wallet. These overseas bank cards, commonly known as “U cards,” are a type of overseas bank card used for payments based on the US dollar stablecoin. The Caixin article also points out that there is an additional layer of special legal risk in the issuance and use of U cards domestically, whether it is a transient product or a hidden code for the future payment landscape is still unknown.
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